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Article: Centro Properties Group Completes Acquisition of New Plan Excel Realty Trust.
- Article from:
- Business Wire
- Article date:
- April 20, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Centro Properties Group (ASX: CNP) today announced that it has completed its acquisition of New Plan Excel Realty Trust, Inc. (NYSE: NXL). The acquisition was completed by means of a merger of Super MergerSub, Inc. ("MergerSub"), an affiliate of Centro, and New Plan, following the successful tender offer for New Plan's common shares.
Andrew Scott, Chief Executive Officer of Centro, commented: "We are pleased to announce the successful completion of Centro's acquisition of New Plan, and we are excited with the opportunity this acquisition represents for Centro. Centro Watt's fully-integrated national platform is well placed to manage the diverse style ...